HomeMy WebLinkAbout2002-123 - Ratification of Acceptance of Bids on $28,047,614.59BILL NO. 2002-123
ORDINANCE NO. 2002-123
AN ORDINANCE RATIFYING THG ACCEPTANCE OF BIOS ON X28,047,614.59
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION l: The investment of $4,244,762.58 in Federal Home Loan Mortgage
Association Discount Notes with Commerce Bank at a rate of 1.629%
Maturing on January 16, 2003.
SECTION 2: The investment of $5,361,435.06 in Federal Home Loan National Mortgage
Association Discount Notes with Merrill Lynch at a rate of 1.67'%
Maturing on January 9, 2003
SECTION 3: The investment of $2,386,019.33 in Federal Home Loan National Mortgage
Association Discount Notes with Commerce Bank at a rate of 1.66%~
Maturing on January 23, 2003
SECTION 4: The investment of $8,624,666.70 in Federal Home Loan National Mortg_ age
Association Discount Notes with Merrill Lynch at a rate of 1.567'%
Matw•ing m~ January 29, 2003
SECTION 5: The investment of $2,524,135.70 in Federal Home Loan National Mortgage
Association Discount Notes with Merrill Lynch at a rate of L567'%~
Maturing on January 29, 2003
SECTION 6: The investment of $510,626.62 in a Certificate of Deposit at Park Bank
With a rate of 1.90%~. Maturing April 16, 2003.
SECTION 7: The investment of $507,114.00 in a Certificate of Deposit at Park Bank
With a rate of 1.70%..Maturing January 17, 2003.
SECTION 8: The investment of $2,829,350.00 in Federal Homc Loan National Mortgage
Association Discount Notes with Commerce Bank at a rate of 1.527°/~
Maturing on January 29, 2003
SECTION 9: The investment of $1,059,504.60 in Federal Home Loan National Mortgage
Association Discount Notes with Merrill Lynch at a rate of 1.72'%
Maturing on January 22, 2003
PASSID THIS 5TH DAY OF NOVIIKBER, 2002
ATTF,ST:
Lo}r(se Rusick -City Clerk
Mayor Betty Burch